Trading In Bitcoin And Cryptocurrencies In Singapore

If you do not reside underneath boulders or in caves, you will have heard about cryptocurrencies. Bitcoin and pals have created quite a storm in the financial world and stirred up emotions in most of us — whether it’s joy at having made sizeable profits or regret at not buying earlier.

For the uninitiated, here’s a brief overview on what Bitcoin is, exactly.

Bitcoin – the world’s largest cryptocurrency – is a digital asset secured by a series of algorithmic encryptions, which are stored on the blockchain. Its value, as with any other cryptocurrency, comes from its manufactured scarcity.

Which means that there’ll be a finite number of bitcoins floating around the market. Currently methods of calculation indicate that there will only ever be 21 million bitcoins, if Bitcoin’s protocol isn’t changed.

We know you don’t want to learn about the history of bitcoin or cryptocurrencies as a whole. There are plentyofarticles about that already.

Without further ado, let’s get straight into the meat and potatoes of the hottest investing topic on everyone’s minds: how to purchase Bitcoin.